Jeld-Wen Holding Inc (JELD) Short Interest Update
Jeld-Wen Holding Inc (NYSE:JELD) was the recipient of a significant growth in short interest in January. As of January 12th, there was short interest totalling 2,126,319 shares, a growth of 52.7% from the December 29th total of 1,392,892 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average trading volume of 565,487 shares, the days-to-cover ratio is currently 3.8 days.
Shares of Jeld-Wen (NYSE JELD) opened at $37.50 on Tuesday. Jeld-Wen has a 52 week low of $27.61 and a 52 week high of $42.27. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.28 and a current ratio of 1.93.
Jeld-Wen (NYSE:JELD) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. Jeld-Wen had a return on equity of 58.83% and a net margin of 9.12%. The business had revenue of $991.40 million for the quarter, compared to analyst estimates of $974.98 million. The business’s revenue was up 6.3% compared to the same quarter last year. equities research analysts predict that Jeld-Wen will post 1.62 earnings per share for the current year.
In other Jeld-Wen news, major shareholder Corp Onex sold 20,832,636 shares of Jeld-Wen stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $32.74, for a total value of $682,060,502.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP John R. Linker sold 7,235 shares of Jeld-Wen stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $32.74, for a total value of $236,873.90. Following the completion of the transaction, the senior vice president now owns 14,453 shares in the company, valued at approximately $473,191.22. The disclosure for this sale can be found here. Insiders sold 47,672,683 shares of company stock valued at $1,560,803,641 over the last 90 days.
Institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in shares of Jeld-Wen during the third quarter worth about $110,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Jeld-Wen by 331.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,522 shares of the company’s stock worth $139,000 after purchasing an additional 2,706 shares during the period. Strs Ohio acquired a new stake in shares of Jeld-Wen during the fourth quarter worth about $149,000. Breton Hill Capital Ltd. acquired a new stake in shares of Jeld-Wen during the third quarter worth about $208,000. Finally, Sii Investments Inc. WI acquired a new stake in shares of Jeld-Wen during the third quarter worth about $217,000. 41.50% of the stock is owned by hedge funds and other institutional investors.
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Jeld-Wen Company Profile
JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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